New York Motor Vehicle Dealer License Bond

Motor vehicle dealers operating in the State of New York are required to be licensed and bonded in accordance with NY Vehicle and Traffic Law Vehicle and Traffic Law section 415(6-b).  The amount of the Dealer Bond depends on the number of vehicles you sell in a calendar year.

 

Vehicles Sold in a Calendar Year Bond Amount Required
50 or Less during the previous calender year $20,000.00
50 or More during the previous calender year $100,000.00
Franchised Dealers selling cars, SUV's, light trucks, etc.
* Franchised Dealers selling only trailers, motorcycles, vehicles over 10,000 pounds, ATVs, boats, snowmobiles are exempt from the bond requirements.
$50,000.00

 

How much does a New York Motor Vehicle Dealer License bond cost?

Base rate for this bond is 0.7% for qualifying accounts with options for accounts that are currently faced with credit issues.   Submit your NY Dealership Bond application today to get the lowest rate, dont overpay!  

 

Who is required to be licensed as a New York Motor Vehicle Dealer?

By definition a dealer is any person engaged in the business of buying, selling or otherwise dealing in motor vehicles.  For up to the date requirements and list of what is needed to open up your dealership, check with the NY Dept of Motor Vehicles.  

Get your NY Auto Dealer License Surety Bond today! 

Apply for your New York Motor Vehicle Dealer License Surety Bond and let our expert staff get the bond you need at the lowest possible price!  We work fast so you can stay focused on your business - Satisfaction Guaranteed!  Credit problems are no problems for us!  We have specialized bad credit surety bond programs to help you get the bond you need, without breaking the bank!